{"id":86381,"date":"2019-12-06T16:32:04","date_gmt":"2019-12-06T11:02:04","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=12197"},"modified":"2019-12-06T16:32:04","modified_gmt":"2019-12-06T11:02:04","slug":"india-set-to-make-modest-recovery-on-reforms%e2%80%8aoecd","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/india-set-to-make-modest-recovery-on-reforms%e2%80%8aoecd\/","title":{"rendered":"India set to make modest recovery on reforms:\u200aOECD"},"content":{"rendered":"\n<p><strong>News:<\/strong>The Organisation for Economic Co-operation and Development(OECD) has released its Economic Survey of India report.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>Report on GDP growth:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The report has projected GDP growth in the current fiscal (2019-20) at 5.8% lower than 6.8 per cent in 2018-19.&nbsp;<\/li><li>However, it estimated the GDP to grow at 6.2% during 2020-21 and further to 6.4% during 2021-22.<\/li><\/ul>\n\n\n\n<p><strong>Key Highlights from the report:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Income has increased fast in recent years but private investment has lagged behind.However,the private investment would bounce back as capacity utilisation rises.<\/li><li>The recent loosening in monetary policy, combined with fiscal rectitude, will lower the cost of borrowing for the corporate sector.<\/li><li>The ongoing resolution of distressed assets of non-financial corporates under the Insolvency and Bankruptcy Code is expected to unlock resources for new investment projects.<\/li><li>Reforms to improve the ease of doing business including recent measures to liberalise FDI and efforts to improve judicial services and contract enforcement will also help.&nbsp;<\/li><li>Exports will suffer only marginally from the withdrawal of US preferential duties for low-income countries as the products concerned account for a small share of India\u2019s export basket.<\/li><\/ul>\n\n\n\n<p><strong>Concerns Highlighted by the report:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Economic growth has been strong but social and governance challenges remain.<\/li><li>The public debt-to-GDP ratio remains relatively high<\/li><li>Ambitious reforms have been passed but implementing them fully would boost incomes and wellbeing.<\/li><li>Addressing domestic structural bottlenecks is key to supporting India\u2019s competitiveness<\/li><li>Air pollution is high and will increase in the absence of bold action.<\/li><li>international oil prices have come down but they remain volatile and pose risks for inflation,the current account and public finances.<\/li><\/ul>\n\n\n\n<p><strong>Additional information:<\/strong><br><\/p>\n\n\n\n<p><strong>About OECD:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Organisation for Economic Co-operation and Development(OECD) is an intergovernmental economic organisation with 36 member countries<\/li><li>It was founded in 1961 to stimulate economic progress and world trade.It is headquartered in Paris,France.<\/li><li>It works to build better policies for better lives.Its goal is also to shape policies that foster prosperity, equality, opportunity and well-being for all.<\/li><li>India is not a member of OECD but has been a key economic partner.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News:The Organisation for Economic Co-operation and Development(OECD) has released its Economic Survey of India report. Facts: Report on GDP growth: The report has projected GDP growth in the current fiscal (2019-20) at 5.8% lower than 6.8 per cent in 2018-19.&nbsp; However, it estimated the GDP to grow at 6.2% during 2020-21 and further to 6.4%&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/india-set-to-make-modest-recovery-on-reforms%e2%80%8aoecd\/\">Continue reading <span class=\"screen-reader-text\">India set to make modest recovery on reforms:\u200aOECD<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3964,3467],"class_list":["post-86381","post","type-post","status-publish","format-standard","hentry","category-economy","tag-indias-economic-growth","tag-oecd","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704627146},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86381"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86381\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}